Mortgage 

A legally binding contract that allows a financial institution to rape you every month for the next 20-30 years. In return, you get the privilege of maintaining a dwelling out of your own pocket without actually owning it.

1. So what'll it be this month Honey, pay the mortgage or get the driveway fixed?

2. I used to have disposable income. Now I have a mortgage instead.

Mortgage by HighwayRobber November 17, 2015

mortgage 

Middle class slavery.

Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy.

Millions felt entitled to live in gaudy McMansions they couldn't afford for the life they though they were entitled to. Bankers took advantage of these people, thus the sub-prime mortgage crisis.

mortgage by captainao February 20, 2009

Mortgage 

That weight around your neck that will never be alleviated until you (1) DIE or (2) eventually pay off by the time you are 107.

I would enjoy life but I have a mortgage.

Mortgage by Lord Meatclown July 31, 2003

Mortgage 

1) A loan against your property
2) Something that a homeowner might possess in his bid to own a home good and proper. Often to alleviate damage to his property incurred through it being 'owned'

Have you always had a mortgage, or did you used to like girls?

Mortgage by Big Jim December 20, 2003

mortgage 

possible root from the French verb "mourir" meaning to die. The English word "mortgage" refers a home owner's loan that is usually with you until you die. Usage of the French root is supposed to make it sound fancier than "loan" - but it doesn't really.

J'ai mort - meaning "I am dead"
I have a mortgage - meaning "My social life is dead b/c I own a house"

mortgage by Money Maid February 23, 2004

Mortgage 

The only reason you own a home.

I just closed on my mortgage. I'll be moving in to my new home next week.

Mortgage by nudebuddah September 25, 2010

Mortgage 

A slang expression based on the length of time of financing for the average home loan, generally 15 to 30 years, used to denote a specific period of time generally associated with a lengthy jail or prison sentence.

I heard Kenneth went to court last week thinking he was going to get off with a light sentence or even probation. With all the stuff he was into and all the trouble he's caused, I wasn't a bit surprised to hear the judge mortgaged his ass to the state penitentiary.

Mortgage by Who 'Dis? Who 'Dat? December 3, 2021